Microsoft 'In Unique Position To Scale Gen-AI Revenue,' Goldman Sachs Says Ahead Of Q3 Earnings
Portfolio Pulse from Piero Cingari
Microsoft Corp. (NYSE:MSFT) is set to report its fiscal Q3 2024 earnings with expectations of significant growth. Analysts predict earnings per share of $2.83 and revenue of $60.769 billion, marking a 15.1% year-on-year increase in revenue and a 15.98% increase in earnings. Goldman Sachs highlights Microsoft's unique position to scale Gen-AI revenue, projecting a +15% revenue growth and a 28% Azure growth. The firm maintains a 'Buy' rating on MSFT, with a 12-month price target of $450, indicating a strong investment opportunity.
April 22, 2024 | 5:40 pm
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Microsoft is anticipated to report strong fiscal Q3 2024 earnings, with a significant year-on-year revenue and earnings growth. Goldman Sachs' positive outlook and 'Buy' rating, along with a $450 price target, underscore the company's robust position in the technology sector, especially in Gen-AI and Azure growth.
Microsoft's expected earnings growth and Goldman Sachs' optimistic outlook, particularly in Gen-AI and Azure, suggest a positive short-term impact on MSFT's stock price. The company's history of outperforming Wall Street expectations further supports this positive outlook.
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